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Food is more expensive than it has been in decades
- randycupertino 5y agoNot only is food more expensive lately but I've been noticing creeping "shrinkflation" in products as well. My chocolate peanut butter haagen dazs is no longer a full pint! Also Stella beer in bottles became smaller- they're 11.2 fl oz instead of 12.
- rexer 5y agoWhen was Stella 12oz? It’s been 11.2 as long as I can remember.
- gladinovax 5y agoAgreed. Maybe he just turned 21.
- busterarm 5y agoHaagen Dazs pints have been 14 oz instead of 16 since 2009.
- TrispusAttucks 5y agoLet's not print more money please.
- mraudiobook_com 5y agoI am cheering the downfall of the US Petro Dollar. Decentralized peer to peer digital cash is a drop in ready replacement for the corruption we have now.
- ed25519FUUU 5y agoI wouldn’t count on it. Printing and spending money is a bipartisan past time.
- catlikesshrimp 5y agoHalf joking Why not? I want money! Not joking The problem with the US is you outsourced manufacturing to China. Now China is a rather independent economy, you can't back out. The damage is done.
- antishatter 5y agoWe can absolutely back out it just won’t necessarily cripple China. Then again they rely on foreign resources and your local Starbucks doesn’t accept the rumimbi(sic).
- deleted 5y ago[deleted]
- tehwebguy 5y agoDoes DoL publish the data behind CPI-U? Doesn’t really line up with my grocery experience over the last couple of years but I doubt they just make this stuff up.
- kwhitefoot 5y agoNot everywhere and not all commodities. Some industrially produced food such as chicken is cheaper in real terms in the UK than it was forty years ago. See also, for instance, https://jomcpeak.expressions.syr.edu/wp-content/uploads/Applications-of-consumer-theory-1.pdf https://jomcpeak.expressions.syr.edu/wp-content/uploads/Appl...
- gruez 5y agoThis is a garbage article. title: Food is more expensive than it has been in decades article: only mentions statistics like "largest 12-month increase since" headline/article discrepancy aside, since since the food component of CPI usually outstrips overall inflation[1], it's almost guaranteed that "food is more expensive than it has been ever", even if you do adjust for inflation. "Food is more expensive than it has been in decades" could mean anything between mass famine + bread lines, and normal inflation. [1] https://www.aei.org/wp-content/uploads/2020/01/cpi2020-875x1024.png https://www.aei.org/wp-content/uploads/2020/01/cpi2020-875x1...
- makerofspoons 5y agoAlternatively you could say food is now the cheapest it will be for the rest of our lives: https://www.cnn.com/2021/08/13/business/food-prices-inflation-climate-change/index.html https://www.cnn.com/2021/08/13/business/food-prices-inflatio...
- lalaland1125 5y agoMeet seems to be the main driver of the increased prices as meat is overall up 12.8% compared to last year. Good time to go vegan I guess.
- ed25519FUUU 5y agoUnfortunately higher fuel and fertilizer prices will affect all food prices.
- gladinovax 5y agofarm startup to the moon
- a0-prw 5y agoAlternative title: Money is now worth the least in decades.